Call reports 2022
BANK OF VERNON, THE — 2022
What BANK OF VERNON, THE reported to the FFIEC in 2022, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Total assets | 241,403,000 | 277,784,000 | 282,950,000 | 279,271,000 |
| Total loans | 132,780,000 | 149,218,000 | 166,948,000 | 177,629,000 |
| Allowance for loan losses | 2,105,000 | 2,175,000 | 1,982,000 | 1,685,000 |
| Securities available for sale | 40,604,000 | 52,430,000 | 64,319,000 | 62,927,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 212,878,000 | 230,608,000 | 236,462,000 | 232,190,000 |
| Interest-bearing deposits | 154,639,000 | 157,696,000 | 159,171,000 | 159,960,000 |
| Noninterest-bearing deposits | 58,239,000 | 72,912,000 | 77,291,000 | 72,230,000 |
| Equity capital | 27,611,000 | 46,744,000 | 45,958,000 | 46,651,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Interest income | 1,988,000 | 4,225,000 | 7,002,000 | 10,165,000 |
| Interest expense | 199,000 | 407,000 | 673,000 | 1,150,000 |
| Net interest income | 1,789,000 | 3,818,000 | 6,329,000 | 9,015,000 |
| Noninterest income | 301,000 | 825,000 | 1,172,000 | 1,525,000 |
| Noninterest expense | 1,470,000 | 2,963,000 | 4,619,000 | 6,638,000 |
| Provision for loan losses | 2,000 | 6,000 | 7,000 | 404,000 |
| Pretax income | 618,000 | 1,674,000 | 2,875,000 | 3,498,000 |
| Income tax | 181,000 | 447,000 | 721,000 | 822,000 |
| Net income | 437,000 | 1,227,000 | 2,154,000 | 2,676,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Tier 1 capital | 29,540,000 | 50,331,000 | 51,258,000 | 51,780,000 |